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Ancoria 4-Year EUR Autocall 7.25% Fund

Unit price

98.52

Currency

EUR

1 month

-1.48%

1 year

0.00%

Valuation date

18 Jul 2024

Closed for subscription



Overview

The fund offers policyholders the opportunity to earn an annual gross return of 7.25% with a yearly automatic redemption feature depending on the performance of the EURO STOXX 50 Index. Initial capital is subject to a loss only if at the final observation date in the year 2028 the Index drops by more than 40% from the initial level (observed on the 27th of June 2024). The Fund invests in structured notes issued and guaranteed by five different highly ranked financial institutions aiming to reduce credit risk.


Year 1-3: If on any Autocall Observation Date the EURO STOXX 50 Index closes at or above the Autocall Barrier, the Fund will redeem early and policy holders will receive 100% of their capital plus 7.25% less management fee, for every year since the Fund Start Date.

At maturity, Year 4: Both the return and capital guarantee will depend on the closing level of the EURO STOXX 50 Index on the Final Observation Date.
More specifically, if the Index level is: 

  • At or above the Initial Level, policyholders will receive a total return of 29% (7.25% per annum) plus 100% of the capital less management fee.
  • Below the Initial Level but at or above the Capital Protection Barrier, policyholders will receive 100% of the capital less management fee. 
  • Below the Capital Protection Barrier, policyholders will receive their capital reduced by the performance of the EURO STOXX 50 Index and the management fee.

  • have a neutral to slightly positive outlook for the performance of the EURO STOXX 50 Index and do not expect a price drop of more than 40% after 4 years (at maturity). 
  • aim for an attractive conditional coupon. 
  • are looking for an investment linked with Eurozone’s leading Blue-chip equity index.
  • can accept a holding period of up to 4 years.

Performance

 

Key Facts

Term

4 years

Status

Closed for subscription

Underlying

EURO STOXX 50 Index

Issuer

Barclays Bank PLC, Morgan Stanley B.V., SG Issuer, Citigroup Global Markets Funding Luxembourg S.C.A., Goldman Sachs International

Trade currency

EUR

Fund start date

14/06/2024

Strike level

4,902.600

Strike date

27/06/2024

Capital protection

Conditional

Capital protection barrier type

Terminal

Capital protection barrier level

2,941.560

Initial unit price

100 EUR

Coupon

7.25% per annum

Coupon frequency

Annually

Coupon type

Conditional/Memory

Autocall observation dates

27/06/2025, 29/06/2026,
28/06/2027 

Autocall payment dates

21/07/2025, 21/07/2026,
21/07/2027 

Final observation date

27/06/2028

Redemption date

21/07/2028

Redemption at maturity
Maturity type

Autocall

Guarantor

Barclays Bank Plc, Morgan Stanley, Société Générale, Citigroup Global Markets Limited, Goldman Sachs International

Final subscription date

28/06/2024

Payment details
Payment reference

Your policy number and the fund name

Entry fee

0 %

Early surrender fee

1 %

Management fee

1 %

Portfolio

Last updated: : 28/06/2024

Structured Products

100%

Risk information

  • Policyholders whose base currency is different to the currency of the Fund (EUR) will be subject to currency risk
  • If at maturity the EURO STOXX 50 Index Index drops more than 40% from the Initial Level, policyholders face the possibility of losing a substantial part or the total amount of their initial investment
  • Policyholders who need access to all or some of their initial investment before the termination of the Fund may risk receiving less than their initial investment, subject to market conditions and early surrender fee
  • Should the Fund be redeemed early, policyholders have no right to future Coupon payments
  • If any of the issuers and/or its Guarantor (if any) defaults or becomes insolvent, the initial investment and any future Coupon payments may be at risk and policyholders could lose a substantial part or the total amount of their initial investment

The project was submitted under the Digital Transformation for Business Program and is co-funded by the European Regional Development Fund and the Republic of Cyprus.